Cardano : Price Analysis, April 02

ADA/BTC

After a prolonged downtrend, Cardano has entered a range with support at 0.00001690 and resistance at 0.00002460.

The longer the ADA/BTC pair remains in the range, stronger the breakout will be, when it happens.

Hence, we retain the recommendation provided in our previous analysis to buy on a close (UTC) above 0.00002460 levels. The pattern target of this break is 0.0000323, which can easily be exceeded on the upside. The initial stop loss can be kept at 0.00001800, which can be raised later.